Face-to-face meetings between the members of a family business is one of the most effective tools for improving communication, building cohesion, sharing values, creating traditions and, ultimately, increasing the chances…
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Financial capital is essential for starting and maintaining a family business. But to keep it going over the long haul, the vital ingredient is intellectual capital. A family business leader…
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Many family business leaders never question whether to have a board of directors. If the business is set up as a corporation, most of the time it is legally required…
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No family business is an island. Every family firm requires outside assistance from time to time, even if it is nothing more than help preparing a tax return or selecting…
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There’s much ado about millennials these days. For some they’re nothing more than a generation of selfie-obsessed, video-gaming freeloaders who are absorbed with the idea that work gets in the…
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Addressing change with business owners – especially when you’re related – can be a challenge.
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One of the staple horror movie scenes shows an actor under the influence of a full moon undergoing a dramatic transformation from ordinary human into a fanged and howling lycanthrope.…
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Children who are indulged in bloated salaries and do-nothing jobs aren't being helped and will likely not be happier as a result. And these types of indulgences significantly hurt the…
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Managing Partner of REGENERATION, Elle Hansen, shares her thoughts about a unique time during her work as a family business consultant and how it impacted her and her clients In…
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"All you need is love," sang the Beatles. But if the Fab Four had been family business owners, the lyric should rightly have been written, "All you need is trust."…
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